US – AGEM Index falls by 4.7 per centBy Phil - 7 February 2022
In January 2022, the AGEM Index declined by 45.71 points to 925.87, marking a 4.7 per cent decrease from December 2021.
Compared to one year ago, the index increased by 229.80 points for an annual growth rate of 33 per cent. In the latest period, nine of the AGEM Index companies reported stock price decreases amid a broad market decline. As a result, three companies posted positive contributions to the index, while the other nine posted negative contributions.
The top contributor to the monthly index was Konami Corporation, whose 11.1 per cent increase in stock price led to a 16.69-point gain for the index. The largest negative contributor to the index was Aristocrat Leisure Limited, whose 7.4 per cent drop in overall stock price resulted in a 35.24-point decrease in the AGEM Index. A double-digit drop in the stock price for Scientific Games Corporation was also a driving factor in the monthly drop in the index. The company reported a 13.7 per cent decline in stock price, which led to a 15.63-point decline to the index.
All three major U.S. stock indices decreased over the latest period. The Dow Jones Industrial Average declined 3.3 per cent, while the S&P 500 fell by 5.3 per cent. Meanwhile, the NASDAQ experienced a 9.1 per cent fall.